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Nov 21, 2012
11/12
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because the fiscal cliff isn't going to calm the consumers mind. they worry about the downgrade to u.s. debt. i think the consumer is actually okay, which is why i like macy's right for the middle class. >> we look forward to having you back and enjoy thanksgiving. coming up, the as stock trading at ten-year lows today. is this a once in a lifetime opportunity for you to get in? we'll get details ahead and we head to the pits to tackle what happens to gold if the u.s. can't avoid the fiscal cliff and we'll check out the top stocks in the s&p 500 today ahead of the thanksgiving holiday. we'll be right back. americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ olaf gets great rewar
because the fiscal cliff isn't going to calm the consumers mind. they worry about the downgrade to u.s. debt. i think the consumer is actually okay, which is why i like macy's right for the middle class. >> we look forward to having you back and enjoy thanksgiving. coming up, the as stock trading at ten-year lows today. is this a once in a lifetime opportunity for you to get in? we'll get details ahead and we head to the pits to tackle what happens to gold if the u.s. can't avoid the...
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Nov 28, 2012
11/12
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something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the senate. it was well-known in colonial legislature before we became a country. and it's an entry federal part of our -- entr intri gal part of our history. >> it's a fundamental power grab by the majority party. >> checks and balances that americans prize are at stake. i will do everything i can to prevent the nuclear option from being invokeed. not for sake of myself or my party. but for the sake of this great republic and its traditions. >> everyone in this chamber knows if the majority chooses to end the filibuster, if they choose to change the rules and put an end to democratic
something tells me again i think we'll have another fiscal cliff panel soon. next up, harry reid and the nuclear option. [ male announcer ] when was the last time something made your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. >>> filibuster is far from a procedural gimmick. it's part of the fabric of this institution we call the...
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Nov 27, 2012
11/12
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who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind of posturing this week. we're still 30 days out or so. they don't really have to cut a deal yet. they have to look like they're fighting for what they want to fight for, yet please the constituents. they're probably going to put that off for a couple weeks. >> it's the other way around. washington should be paying attention to the consumer and realize how much is the stake here. when you look at the consumer confidence levels able to hold up. when you look at the retail sales numbers pensimentioned by and the idea we've stabilized when it comes to capital spending,
who's right on the fiscal cliff right now? >> well, i think that -- >> steven gilfoil. >> the consumer isn't paying that much attention to this. the regular american doesn't watch the financial news. he isn't reading the kinds of papers we read. and he's less concerned with this. >> should they be? >> they probably should be, but investors are more concerned with corporate news, with macroeconomic news. the senator made a statement today. you would expect some kind...
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Nov 22, 2012
11/12
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we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus bad deals, this is where i disagree with some of think kol a colleagues here. maybe you do too. if this is deal that jacks up tax rates, the capital gains rate, dividend rate, if it has a millionaire surtax as senator collins said, that's not such a hot deal. how would they react to a high tax on investor type of deal. >> they limit investments. they make investments less attractive. the stock market doesn't want a big raise on capital gains and dividends. the stock market is okay with a small one. the best is the 39% ordinary income tax hike. but essentially leave dividends and capital gains
we don't want a deal on the fiscal cliff, we want a good deal on the fiscal cliff. >> right. now this is really key. first of all, i want it say one thing, regarding ben bernanke and his monetary safety net and he did say yesterday that he didn't think monetary policy could offset a fiscal cliff recession. i don't want to get into a lot of fed watching. i'm just saying, i'm not sure the federal reserve will do much more. maybe they will, maybe they won't. now regarding good deals versus...
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Nov 29, 2012
11/12
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cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi spell noncommittal whether the cuts will be in the deal. still, the administration is trying to breathe life to the talks, with vice president biden shopping at new costco in washington, picking up a big screen tv and apple pie and insisting he is optimistic of a deal. >> i am. i am. all the folks in the store, man. going to make a difference. >> carney shot down a politico report that a phone call last night between boehner and the president was curt, noting it was 28 minutes long and productive. signaling the president is flexible on taxes not being s
cuts in this deal to avoid the fiscal cliff. that is not what they are doing now. should they include those? >> yes. i think that, and i know that democrats accept that this has to be it, a balanced package, that includes revenues and cuts and spending cuts. >> months ago, the budget carney held up was voted down by the entire senate. 99-0. meaning no democratic support. earlier, dick durbin insisted spending cuts from entitlement reform will not be part of the talks while pelosi...
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Nov 21, 2012
11/12
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>> let's hope that the fiscal cliff has a trampoline at the bottom of it. nonetheless, in the meantime, we're looking at those companies that have really, really high quick ratios. that means that they've got a lot of cash on hand. what we're seeing in the most recent period is we've had a 400% increase in the number of companies that have issued special dividends. lancaster colony just paid $5 dividend. the arden group just paid $20 special dividend. i think we all know there will be increased taxes on dividends, almost a 300% increase in that. as a result, a number of companies have taken cash they've got on hand anden just sent it to their shareholders, as perhaps well they should. but it means there are some opportunities out there. i'd suggest that people look at those companies that really have really, really high quick ratios, then take advantage of that and perhaps they will be one of those that will issue those. >> main names, randy. which ones? >> there's a variety. we've already structured our portfolio, decided to take advantage of it. but there
>> let's hope that the fiscal cliff has a trampoline at the bottom of it. nonetheless, in the meantime, we're looking at those companies that have really, really high quick ratios. that means that they've got a lot of cash on hand. what we're seeing in the most recent period is we've had a 400% increase in the number of companies that have issued special dividends. lancaster colony just paid $5 dividend. the arden group just paid $20 special dividend. i think we all know there will be...
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Nov 27, 2012
11/12
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maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually that's the weakest month as the quarter progresses and gets strong. that was very, very unusual leading people to be optimistic. the interesting thing is the stocks didn't follow. cat was down or flat. deere is not doing much. so there's sort of this disconnect between the market and what we see from the economic data. >> the economy is front and center down in the nation's capital. the president meeting with more ceos today to discuss that and the fiscal cliff. we've the latest on the fiscal cliff negotiations. >> the president is meeting with small busi
maybe it's on the resolution of the fiscal cliff. that's positive going into 2013 in terms of a reallocation trade getting back to the energy, the materials, and the industrials. >> durable goods report today was better than many expected it to be. riday was pretty good.s good. a lot of the economic data coming in of late was pretty good. >> today if you look at the core durable goods and machinery and industrial goods, it was actually great for the first month of a quarter. usually...
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Nov 21, 2012
11/12
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is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i don't understand why there's not a sense of urgency. i agree with mario. i don't know that people appreciate the fact what cliff means. remember sundance kid, butch ka cassidy, when they jump over the cliff and they fell? the taxes are going to go up. interest rates are going to go up. nobody will be able to borrow any money. you can't buy a house. you're not going to be able to do anything that you want to do that you do today. as a result, that's what the cliff means. so if the government doesn't fix this issue and come together and get sane, then the bond markets are
is congress taking the fiscal cliff seriously enough? joining me right now, the man in charge at insurance broker willis group. joe is also on the fix the debt campaign. it's great to have you on the program. >> nice to see you again. >> thank you so much. we had this big rally in stocks on monday. on some rhetoric, i guess, that led investors to believe there was optimism we will get a deal done on this fiscal cliff. now they've left town. what do you think happens? >> i...
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Nov 26, 2012
11/12
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are states more scared of going off the fiscal cliff? >> sure. state budgets would be impacted dramatically and very bad for them. governors are very concerned about cuts to education funding. we'll be hearing a lot more from the governors i am sure in the next week or so. >> how influential can they be on capitol hill some. >> extremely. everybody understands state government mostly delivers services, spends the money. a lot of the federal government, a lot of the federal budget is entitlement programs that are basically hazardous, so when you cut state spending you have a real effect on the economy and when you take away federal dollars for states, it can have a real real life impact on the ground. >> great onto see both of you. thank you. there is a heartbreaking story out of syria. antigovernment activists say at least eight children were killed in a bombing near damascus yesterday. they say the war planes dropped cluster bombs on a playground and the government carried out several military operations yesterday against al qaeda terrorists. [
are states more scared of going off the fiscal cliff? >> sure. state budgets would be impacted dramatically and very bad for them. governors are very concerned about cuts to education funding. we'll be hearing a lot more from the governors i am sure in the next week or so. >> how influential can they be on capitol hill some. >> extremely. everybody understands state government mostly delivers services, spends the money. a lot of the federal government, a lot of the federal...
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Nov 28, 2012
11/12
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they would have to address the fiscal cliff. just urging washington to do the right thing whether it is simpson-bowles, john boehner and harry reid, everybody getting together. let's get on with it. liz: you got back from my plays were trying to lure jobs from a software company, any luck on that front? >> to have a strong presence in rhode island which they acquired in long island and we want them to stay and grow me very productive meeting face-to-face with the ceo of. that is always a good idea to have a face-to-face meeting. liz: i know we have to go, but quick question, are you preparing two separate budgets for the inevitability? >> of course. those are the types of cuts we really cannot afford them. we have been through tough times in long island and across the country, of course the loss of the stimulus money when i came in we had a big deficit we had to overcome. having to get deeper into that whole would not be good for the economy. liz: thank you for joining us rea.we like our governors of evy state. he is an independ
they would have to address the fiscal cliff. just urging washington to do the right thing whether it is simpson-bowles, john boehner and harry reid, everybody getting together. let's get on with it. liz: you got back from my plays were trying to lure jobs from a software company, any luck on that front? >> to have a strong presence in rhode island which they acquired in long island and we want them to stay and grow me very productive meeting face-to-face with the ceo of. that is always a...
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Nov 28, 2012
11/12
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will the fiscal cliff be on the agenda? >>> and what will president obama say when he speaks live next hour at the white house? we'll be flanked by middle-class families whose wallets could be impacted if congress fails to reach a deal. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to
will the fiscal cliff be on the agenda? >>> and what will president obama say when he speaks live next hour at the white house? we'll be flanked by middle-class families whose wallets could be impacted if congress fails to reach a deal. ♪ [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today...
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Nov 27, 2012
11/12
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do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership this week to discuss this and take a leadership role in this fight? >> the president is taking a leadership role in this fight. i think people need to sit down as they have looked for ways to find progress. as you know the president already had the congressional leaders to the white house a little while back. people are pursuing different ideas right now to try to make -- to try and prevent us from going over the fiscal cliff, and the president has laid out a very clear map, road map for how we do that. martha: all right we walked right up to it in the grand bargain and th
do you believe a deal can and will be reached before this fiscal cliff? >> i do believe a deal can be reached, and the basisser that agreemenbase basis of that agreement has to be revenues and cuts. we've done a trillion dollars in cuts as part of the control act. the president has additional cuts. he's got more healthcare cuts than simpson-bowles proposed. he doesn't do it by transferring -- martha: that deal did not go through. do you expect the president will sit down with leadership...
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Nov 24, 2012
11/12
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there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll have a recession. he wants clinon era tax rates, okay how about repealing obama care hillary care was reject how about cutting 500 billion from federal spend get it down to the levels how about gen rain deregulation and stabilizing the dollar. and it was almost good as gold. we can live approximate with the tax increases that are coming. and republicans should say we are not going to deal. >> woo are talk being repealing obama care. do you believe at that point honestly there is political will do do that? >> i think the republicans how to say in terms of dealing
there is a way law makers can avoid the fiscal cliff. the answer is going to require compromise and may include three tread words. some tax indreeses. if president obama want to go back to the clinton era. he needs to follow president obama's lead that included deregulation and death to obama care. and they are joining us now to explain. welcome to have you you here today. >> if president need toz encourage free enterprise or get set for a european style malaise. how so. >> we'll...
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Nov 23, 2012
11/12
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FBC
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dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in missouri, pennsylvania, virginia, and elsewhere targeting members of congress to oppose any type of entitlement reform or changes. the group, in a statement says, elected officials from both parties need to listen to the will of the voters and focus on rebuilding the middle class and strengthening our economy by investing in jobs, not cuts. on the other side, conservatives say it's not a game changer because from unions, this is really nothing new. >> the fact they are publicly saying what they have been privately saying is helpful the american people unders
dog dog fiscal cliff negotiations got more complicated. president obama's union supporters are stepping in. our very own rich edson joining us live from washington, d.c.. rich, what do you know? >> well, good morning. the key to the fiscal cliff negotiations, republicans say will talk increased tax revenue if democrats put entitlement reform on the table. medicare, medicaid, social security. there's a major effort by labor unions opposing that effort taking out advertising in states in...
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Nov 21, 2012
11/12
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fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might happen. that is finally, as a result, starting to hit home. in october, for example, very few people have the fiscal cliff on the radar screen. now half of them are worried about it. i think it has moved up the list now for the first time for consumers. melissa: to ask why they are not buying more, they will stand so darn right about that fiscal cliff, i will not get an extra toy. >> how they really feel it is the equity market is not doing well in the last month. that is what brings it home for consumers. you can ask how has the economy thabeen doing the last couple of weeks they don't feel quite as
fiscal cliff is like down the listelist. >> up until november i think the fiscal cliff was a concern for business and you could see in confidence numbers coming off and the pullback in capital spending. consumers are feeling good, home prices are up, the job market has gotten a little bit better and you can see consumer confidence rising to the highest level of the recovery. but after the election now front and center all the coverage really is the fiscal cliff, the warnings, what might...
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Nov 29, 2012
11/12
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>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal reserve is drunk. while back the fed is distorting the bond work it. dagen: does it make sense that the fed is likely to continue the bond buying into the next year? does that make any sense on the planet? >> well, look, i thought qe1 was absolutely essential. qe2 i understood why we did it. qe3, i do not get it. i think the fed is making a mistake here. they could have achieved the same or even a better objective by following a different policy. this is the path we are on. doctor bernanke is obviously completely preoccupied with the risks of having a depression and he is throwing as much mon
>> everyone talks about the fiscal cliff. i referred to it as the fiscal speedbump. no matter what happens, we are not going to revert a tax increase in some kind of drag on economic activity next year. even if there is no grand bargain that we are all talking about, the shrinking of the federal deficit, whether by spending cuts or tax increases, it will be a drag on economic growth for the next few years. dagen: is that what you have 1.63 roughly on the ten year? >> the federal...
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Nov 27, 2012
11/12
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>> put numbers on the fiscal cliff. we have an economy growing between 1 and 2% a year f we go over the cliff, take three 3 to 4% out of the economy. >> resession. >> put us in recession. why think they are going to sit there and let that happen any real period of time. a question whether they solve the problem in december before they go over could it in january or february, effective january 1. >> not to be glass half empty, you heard the harry reid comment. let's not forget, a lot of these men and women in congress are the same ones there putting blame on both parties to get us to here in the first place why should we be could confident the same people that got us here will get us out of it? >> politicians by nature don't take action until they are backed in a corner with the gun to their head. right knew in the correspondent the gun's loaded. >> recessionary gun. >> resessionnary gun. we as the american public are fools if we would elect, re-elect anybody that sat there and watched this thing go over the cliff. the b
>> put numbers on the fiscal cliff. we have an economy growing between 1 and 2% a year f we go over the cliff, take three 3 to 4% out of the economy. >> resession. >> put us in recession. why think they are going to sit there and let that happen any real period of time. a question whether they solve the problem in december before they go over could it in january or february, effective january 1. >> not to be glass half empty, you heard the harry reid comment. let's not...
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Nov 28, 2012
11/12
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after the fiscal cliff everything is fine. i think there's a reason for cautious optimism, but i don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect question. look at the chart. here's a chart of today's treasury action against the equity market. indeed, other than around 1:00 eastern after the auction, they've been correlating. stocks go up, rates go up. stocks go down, rates go down. we're trading on pr. if the premise of this exchange is should we trade on headlines, if you're a day trader who understands once you make a trade and the air is gone out of the person you trade it with, that's the only realism that is there. pr doesn't move markets more than the short term. most of the people i
after the fiscal cliff everything is fine. i think there's a reason for cautious optimism, but i don't think there's a reason to think it's going to go gang busters. >> we saw harry reid speak yesterday. the market moves when we see different comments out of washington. we saw it again today on this perception that was actually positive commentary. our bar has gotten pretty low. we see stocks move around a lot. what about interest rates? are they responding as much? >> well, perfect...
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Nov 26, 2012
11/12
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we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or any other organization. there is no word of update from the u.s. government. or a follow township the i.r.s. report might be available. they want teenagers to get faster track for morning after pill. they want them to make advanced prescriptions available to girls under 17. current federal policy bands sales of the pills to girls under 17. so having a prescription on hand could let them obtain emergency contraception quic quickly. saudi husbands receiving the text message alerts if their wives attempt to leave saudi arabia. the saudi author and journ
we talk about the taxes with the looming fiscal cliff. this as president obama's aides owe bunch of back taxes. abc did the story in january. the i.r.s. released the federal employee and the retiree delinquently inventory and it shows 36 of obama's aides owe $833,970 in back taxes. other government employees owe a lot too. at the epa, 413 people owe more than $19 million. 185 employees owe $3 million in back taxes. five people at the tax court owe $62,508. there has been no followup by abc or...
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Nov 26, 2012
11/12
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on solving the fiscal cliff? >> everyone's talking about how can we get republicans to cave on tax increases? >> the reason we have an impending debt crisis is because we're spending more. raising taxes isn't going to deter the debt crisis coming down the pike. we need to focus on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said social security, by the way, off the table. we're not going to discuss this while we do the fiscal cliff discussions. i mean, we're already there. raising taxes but not cutting spending. >> and that's exactly the point. >> social security is funded separately. it has it's own line item, it's a separate bill -- >> until the money runs out? then what do we do? >> that's not the point right now. >> it is. >> no, it's not. you won't solve those problems by going after the fiscal cliff. >> the only thing derailed is the conversation on what matters.
on solving the fiscal cliff? >> everyone's talking about how can we get republicans to cave on tax increases? >> the reason we have an impending debt crisis is because we're spending more. raising taxes isn't going to deter the debt crisis coming down the pike. we need to focus on spending. we need to get president obama and senate democrats to say what spending they'll cut and how to change entitlement. >> did you hear what jay carney said in the last few minutes? he said...
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Nov 21, 2012
11/12
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FBC
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we will give you a fiscal cliff survival kit. what you need to do right now to prepare for the fiscal cliff, a potential tax hikes and changes your pay check, what you do about dividend paying stocks and a lot more. this will put survive let one stern. stocks every 15 minutes. what are you watching? nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier that the stock was ahead of the fundamentals and they are changing their tune and that is why you are seeing the stock up 12% so they upgraded the positive from neutral, talking about momentum continuing to increase across their product categories heading into 2013. this is good news and they are beginning to see the modest outperforming in the current quarter and a good outlook for 2013. and an up arrow over $2 to the upside. cheryl: thank you very much. see you soon. a terror attack in israel. obama on a bus in tel of the. reports of the
we will give you a fiscal cliff survival kit. what you need to do right now to prepare for the fiscal cliff, a potential tax hikes and changes your pay check, what you do about dividend paying stocks and a lot more. this will put survive let one stern. stocks every 15 minutes. what are you watching? nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier...
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Nov 28, 2012
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it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to end after 9 years because they knew there would be huge deficits after that. >> this is not even serious. everybody agrees taxes are going up. taxes are going up on rich people period. the real question is how are you going to pull back on spending? we have a debt larger than our economy because of spending, specifically medicare spending. they are totally unwilling and unserious to even have the conversation. >> let's talk about that issue allen brought up. i had representative chris van hollen on here yesterday. what about slowly raising the age from the future. gett
it's so ridiculous it makes you want to jump over the fiscal cliff. in terms of raising the debt limit again. let me put this out there. the reason for that is they don't want to go through this exercise of talking about spending cuts. >> the other part of what i was going to say many democrats want to reform entitlements as long as it doesn't hurt beneficiaries. if you are going to talk to me about tax raising. we are talking about the bush clauses, the bush taxes which are supposed to...
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Nov 23, 2012
11/12
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the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other major currencies relative to non major currencies. that is another matter. cheryl: a lot of banks with a lot of money pouring into this market. thank you very much. closing bell going to ring, we have 39 minutes to go. the fed's are hungry. maybe even starving in their quest to take down a hedge fund superstar. charlie gasparino is on the phone and as the latest developments for you. can't afford to miss it. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to
the take that to the fiscal cliff? >> the treasury market is dominated by the central banks, not just the fed. it is the off shore central banks plus our own central-bank. really they buy the net increase in u.s. treasury debt, past two years. it is very supportive and that long as -- [talking over each other] >> as long as they want to. other things can happen but the world's central banks, the big ones are doing the same thing so you don't sweat the currency relative to the other...
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Nov 26, 2012
11/12
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on this monday are this signs of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". mo
on this monday are this signs of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this....
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Nov 28, 2012
11/12
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makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to compromise and where they are drawing the line in the sand. >>> the other big story we're watching for you, a second round of sitdowns for united nations ambassador susan rice, who's in an all-out campaign of her own to face her critics. after three republicans issued blistering comments yesterday, this morning rice is meeting with republican senator susan collins of maine and in an hour is expected to meet with senator bob corker of tennessee. rice's harshest krit eks are still vowing to block her potential nomination as next secretary of state. >> i think everybody gets to, one, be nominated, and, two, go
makes you wonder if they'll be talking about this, the austerity crisis, better known as the fiscal cliff facing washington and the country. this hour president obama will speak live at the white house flanked by middle-class families whose household budgets depend on congress reaching a deal by january 1st. his latest effort to use his bully pulpit. nearby on capitol hill, both parties are meeting behind closed doors at this very minute. each side hashing out where they are willing to...
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Nov 29, 2012
11/12
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and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under great leadership of the governor and legislature, who wouldn't allow, as you say, preying on the poor, it is important that we continue to talk about the lottery. that it is not an investment. i absolutely agree with that. this is a chance to have some entertainment. and in this tough economic times to dream just a little bit. so anybody who is spending too much, we'll say don't play. we don't want you to play, get help, you know somebody who is doing that. every lottery has a website and an address with how to get help. this is dis
and obviously the fiscal cliff. we'll talk to two men on opposite sides of this, the executive director of stop gambling. i'm going to start with you, terry rich, you obviously run one of the big lotteries in america. you obviously heard what dave said, they don't like it, a tax on the poor, and really it should just be cancelled. >> you know, as he said that, i would just add one word, it is opti optional revenue, people don't have to play. and as lotteries work across the country under...
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Nov 29, 2012
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind john boehner's plan with this clip from the town. >> i need your help. i can't tell you what it is. you can never ask me about it later. we are going to hurt some people. >> whose car are we going to take? >> if you haven't seen the movie, two characters go to beat up a guy. mccarthy showed a clip where a thief emphasized not asking questions in a situation where people were going to get hurt. mccarthy also organized the republican screening of mo
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's...
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Nov 29, 2012
11/12
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with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls bouncing around hoping that their number would come up so that they could get a seat. when you see those balls bouncing around. again, when education becomes a lottery, we become a problem. what about black friday? is it healthy that americans rush out with 8% unemployment. by all of these deals and so on? is that healthy to be having this happen on friday it carried on over the weekend. it is. >> the short answer is when you have corporate greed and indifference and some bad decisios a lottery ticket isn't going to bail you out. we a
with all the talk of a fiscal cliff. record numbers and they have spent little that they have left on the ticks on the power ball. is this a tax on the poor? and the numbers point that out. it is a tax on the poor. for some people this is fun and games and i don't regret or be gruth anything to anybody. i think of the movie waiting for superman there were parts of that movie that i had an issue with. everyone who saw these kids kiting with the parents with the school meetings with the balls...
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Nov 23, 2012
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on the fiscal cliff, i can't make a comment. i don't think we have enough info. trying to tack the reform or race taxes, but if you look at the cac, for example, they've had a huge week. france was downgraded and did lose their aaa, at least from the moody's vantage point. never before has the rally made 16 1/2% look so cheap, but that last one is an interesting story. you know, one of the things we were supposed to be potentially on this fix and bail was let's try to retire some of that paper, but investors are smart. this is the problem with these programs. they purchased it, and they're probably made the price too expensive. that looks like that's off the table as well. >> i know we have quinn back, so let me pose this question to. a lot of the rally we have seen this week is built on hope as opposed to hard facts. do you feel between now and the end of the year is that the market might react badly to any bad news? >> i think so. i think we have seen a rally that just came from an oversold, you know, very, very sharp decline. we had the qe-3 sell-off, the sell
on the fiscal cliff, i can't make a comment. i don't think we have enough info. trying to tack the reform or race taxes, but if you look at the cac, for example, they've had a huge week. france was downgraded and did lose their aaa, at least from the moody's vantage point. never before has the rally made 16 1/2% look so cheap, but that last one is an interesting story. you know, one of the things we were supposed to be potentially on this fix and bail was let's try to retire some of that paper,...
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Nov 28, 2012
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s & p is up 7. >>> 400,000 unemployed californians are also closely watching the fiscal cliff negotiations in washington, d.c. that's because emergency federal unemployment benefits are due to expire december 29, unless congress extends them. in california notices of the possible loss of benefits are in the mail this week. >>> powerball ticket sales are soaring today as the clock ticks down to tonight's drawing of a record jackpot. people all over the country are joining the rush to get rich. the powerball pay off has ballooned to more than $550 million. it's still growing. there are no powerball tickets sold in california. one of eight state that is don't sell powerball tickets. many are are relying on out of state friends to buy them a ticket. others are taking a trip to oregon to buy their chance at the good life. >>> today, a live look outside shows the sun has emerged from behind some of the rain clouds. the break is not expected to last for long. we're tracking the next round of storms and the impact they could have on the commute thursday. thank you for trusting ktvu, channel 2 news
s & p is up 7. >>> 400,000 unemployed californians are also closely watching the fiscal cliff negotiations in washington, d.c. that's because emergency federal unemployment benefits are due to expire december 29, unless congress extends them. in california notices of the possible loss of benefits are in the mail this week. >>> powerball ticket sales are soaring today as the clock ticks down to tonight's drawing of a record jackpot. people all over the country are joining...
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Nov 23, 2012
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it's not just a fiscal cliff. what will we do after that and how do we make progress at chipping away this gigantic debt our country faces so we have a deadline certainly but we have a longer term issue we've all got to work together and the only way that happens is if republicans and democrats work together toward a broader solution and so that's what i'm hopeful will take place. >> terry, quick question about your competitors. you're a leader in this space. we talk about jcpenney and their efforts to turn themselves around and perhaps take a couple of notes from some of the things you're doing. how do you look at what ron johnson is doing? >> i think ron's trying some new things, trying some different approaches and it's going to take time for that to, whether customers vote to see if they like it or don't like it. we had a crystal clear strategy. we organized the entire company. we have people now living in 69 cities around the country that are former buyers and former planning executives that are leading us in
it's not just a fiscal cliff. what will we do after that and how do we make progress at chipping away this gigantic debt our country faces so we have a deadline certainly but we have a longer term issue we've all got to work together and the only way that happens is if republicans and democrats work together toward a broader solution and so that's what i'm hopeful will take place. >> terry, quick question about your competitors. you're a leader in this space. we talk about jcpenney and...
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Nov 27, 2012
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you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to not tell anyone. you don't want people to know. >> i have pondered this question. a lot of states require that you show up. it is very difficult to stay secret because they want a lot of publicity. what happens is if you are poor and you have a lot of friends and family who are poor they come to you for money. >> you can have a day or two before you show it. the first thing i advise people to do is contact a very reptutable security firm. they are going to make sure that you are relocated to a safe place. if you are not a celebrity already. >> you said security firm i thought you meant securi
you have to do things now to get ready for the fiscal cliff. >> the fiscal cliff is coming. you are very well advised to take the lump sum today. even before you do that it is important that you think about your security. for my wealthy families i manage a family office so that would include our lottery winner. we practice a stealth strategy. lifestyle, transitioning and humanity which is charity. all of those things are important. the first thing you should do if you win tomorrow is to...
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Nov 29, 2012
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let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. >>> welcome back to "the ed show." kevin mccarthy has a movie night. he will be hosting a screening of the movie "lincoln" steven spielberg's portrayal of the republican party's most honored president. last year during the debt ceiling debate on capitol hill, mccarthy tried to rally republicans behind
let us go over the fiscal cliff is necessary. keep sharing your thoughts with us on facebook and on twitter. one of the richest men in america is getting a free lunch at the white house. find out what mitt romney could bring to the table and the white house wants him to. we are right back. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even...
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Nov 21, 2012
11/12
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they need to move on. >> zachary, one thing about the fiscal cliff, because there are certain rumors, whispers, that is, from senator like patty murray who says that they would be willing to see the country go off the fiscal cliff. are there benefits to watching everybody go over? >> well, look. this like the debt ceiling is a created, dramatic target date. meaning, it is true that all of these things would happen if january 1 comes and for the entirety of 2013 neither congress nor the president agrees on any changes and then the forecasts of the consequences of these -- >> the sun comes up on january 1st. right? >> it still does and then $4,000, $5,000 hit to middle class families and only true if a year passes with this going on and congress does nothing. i would say if you're dramatically cynical and the state of washington and hard not to be, the likelihood has to be close to zero as humanly possible so what you're talking about is optic of january 1 come and according to senator murray, reset the baseline of the debate? january 1 comes and basically back before the bush tax cuts.
they need to move on. >> zachary, one thing about the fiscal cliff, because there are certain rumors, whispers, that is, from senator like patty murray who says that they would be willing to see the country go off the fiscal cliff. are there benefits to watching everybody go over? >> well, look. this like the debt ceiling is a created, dramatic target date. meaning, it is true that all of these things would happen if january 1 comes and for the entirety of 2013 neither congress nor...
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Nov 21, 2012
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markets are giving congress a pass on the fiscal cliff. home builders, gold stocks big gainers this week. defensive names, cyclical stocks are the biggest gainers on the week. dow is up 2%. we also see s&p 500 sector gainers. this is all the risk-on trade. materials, tech, energy, financials, there's your classic risk-on move and for the week the dow is up 2%. s&p up maybe 2.3% for the week. my sense is that this is going to last another week and a half to two weeks. you have a grace period where they'll let them negotiate. if we get into the week of december 10th, everyone feels we better get some outlines of what will happen. if there's not the obvious -- we're not going to have a deal, it is going to move down very fast. i think we have a period of a week and a half here. >> we'll be watching. thank you. >>> the announcement of the cease-fire. did that lead to selling in treasuries? rick santelli is tracking the selling at the s&p. >> definite talk on the floor has been almost universally about the cease-fire and a lot of thought as to
markets are giving congress a pass on the fiscal cliff. home builders, gold stocks big gainers this week. defensive names, cyclical stocks are the biggest gainers on the week. dow is up 2%. we also see s&p 500 sector gainers. this is all the risk-on trade. materials, tech, energy, financials, there's your classic risk-on move and for the week the dow is up 2%. s&p up maybe 2.3% for the week. my sense is that this is going to last another week and a half to two weeks. you have a grace...
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Nov 24, 2012
11/12
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s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis. covering history as it happe. from our nationas capital, this is "washington week with gwen ifill." produced in association with "national journal." corporate funding for "washington week" is provided by -- >> we know why we're here. to chart a greener path in the air and in our factories. to find cleaner, more efficient ways to power flight. >> and harness our technology for new energy solutions. >> around the globe the people of boeing are working together. to build a better tomorrow. >> that's why we're here. >> this rock has never stood still. since 1875, we've been there for our clients through good times and bad. when their
s rising stars. >> the fiscal cliff is a creation of the political branch in washington, d.c. and an example of a dysfunctional process. that threatens our economy and millions of people across our economy. pete: is stalemate in washington stifling the economic recovery? joining us this thanksgiving week, peter baker of "the new york times." molly ball of "the atlantic." and jim tankersly of "national journal." >> award winning reporting and analysis....
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Nov 27, 2012
11/12
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cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad and is down nokia other stocks with the companies issuing dividend dividend -- dividend early to avoid the fiscal cliff part of back to you. >> with those higher dividend tax is. consumer confidence for november at the highest level since every 2008. just-in-time for the holiday is. will it continue? and joining us now is mark, we will stoke the fiscal cliff phobia but they just bought 30% more on cyber monday than one year-ago. >> consumers have tune it out. we always go to the brink and nothing happens. but what is happening with the job market? it is improving
cheryl: let's get fiscal on our fiscal cliff survival kit. who else but tracy byrnes with what you need to know and what you can do right now. dennis: a look at the day's winners on the s&p. cheryl. >> nicole petallides lived at the new york stock exchange every 15 minutes. we have you covered. things on the move and looking at according they may correlate glass with the outlet day shall look better than expected. used with this barbosa tablets. they see more demanded usual steve mad...
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Nov 28, 2012
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avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on the libya consulate attack. >> ambassador rice has no responsibility for collecting, analyzing and providing intelligence. >> shepard: tonight the ambassador responds. >>> plus, the people of egypt trying to avoid trading one dictator for another. fighting back against a president who gave himself new powers. tonight a potential crisis point as the leader tries to put himself above the law. and how will the u.s. handle this? >>> plus, the chances of winning are ridiculously low. but millions of us are still lining up for a shot at a
avoiding the fiscal cliff. now the president and house republicans plan to hit the trail in search for support for their competing plans. plus, the u.s. ambassador, susan rice, meets with some of her toughest critics. and apparently they don't like what she has to say. >> we are significantly troubled by many of the answers that we got and some we didn't get. more disturbed now than i was before. >> shepard: republican senators criticizing ambassador rice for her initial comments on...
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Nov 29, 2012
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tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that tells him what to do. year again and now -- i got a great new way to get deals. it's called bankamerideals, from bank of america. i choose the cash back deals in my mobile or online banking. i just use my bank of america debit or credit card when i pay. and i get as much as 15% cash back -- put into my account. this is on top of other rewards and discounts i already get. best of all -- it's free. happy holidays. [ male announcer ] introducing bankamerideals, free for online banking customers. sign in to your online banking to choose your deals today. now is a good time to think ab
tim geithner is the point person for negotiating the fiscal cliff,/after launch. martha: that is not tim geithner. bill: that is not. but that is. they're talking. not just harry reid he is talking to. republican leaders on the house side too so critical of this, john boehner, eric cantor. how will these talks go? we'll follow it and let you know what is happening in two minutes when we continue. >> i'm trying not to paint us into too many boxes where i paint john boehner into a box that...
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Nov 26, 2012
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we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but first over to andrew. >>> finance ministers are trying to unfreeze the second bailout package for greece, but first they must agree on how to cut massive debt to a more sustainable level. we'll head to london for details on that. and playing down a deal talk, tom joyce saying his country's currently if talks with at least two firms on a possible sale of its largest business unit. but would only pursue a deal if it created value to shareholders and clients. and mexico's anti-corruption body says it has found no irregularities in its probe of permits given to walmart. two
we of course continue to watch the fiscal cliff count down. lawmakers have been trying to convince the naub they are willing to compromise. they return to capitol hill today. >> everything should be on the table. >> bring entitlement reform into the conversation. >> a group of corporate executives are calling on congress to rise above partisan politics to try to find some sort of a solution. we have a lot to talk about with gleg brown and we'll start that in just a moment, but...
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Nov 29, 2012
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we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's actually a good thing because it's addressing something in our country that's gotten out of control. step back the last five years, september 2007, we crossed $9 trillion in debt. thousand we're at $16.2 trillion to $16.3 trillion four years later. five years later. deficits of 1.25 trillion for the last five years. so we have a problem in our country that really needs to be resolved. we've become addicted to stimulus really through deficit spending, through 0% interest rates. >> how are you investing around this? >> we're comfortable investing in corporate bon
we talked about the fiscal cliff. today we have cliff noran, $154 billion in assets under management. and as joe was saying during the break, we have a little bit of a drinking game. every time we mention fiscal cliff. a lot of viewers are kind of drunk by thousand. >> i'll toast with them. >> are you up in boston? >> springfield, mass. mostly bonds. we specialize in corporate bonds, real estate. >> so what are you doing about the fiscal cliff? >> we think it's...
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Nov 29, 2012
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maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the so-called fiscal cliff. president obama for his part seems utterly unimpressed by market volatility and the consequences of failure to resolve the issues of tax hikes and spending cuts that go into affect the first of the year. as the markets were falling in the first hour of trading this morning, house speaker john maynard stood up and offered support to investors and leaders for the market. stocks stabilized and then began climbing on the speaker's expression of optimism that a deal is within reach. we will take all of that up and more here tonight with bedford open gey
maybe a little less conversation and more on the fiscal cliff. that is my "2 cents more," and that's it for tonight. thank you for joining us. have a great night. we'll see you here tomorrow. ♪ lou: good evening, everybody. more than 200-point swing in the stock market today, but at the end of the days of volatile session the dow jones industrial had a triple digits gain. anxious investors worldwide, however, have been selling stock on concerns about the impending peril of the...
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Nov 29, 2012
11/12
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he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would disagree probably on some of the elements of what constitutes -- >> no, but he's saying it's not a disaster if it happens. >> well, i was going to get to that point. the fiscal cliff itself, howard is right, it's a slope. on day one the economy does not collapse and go into recession. but i worry a lot about the markets. the market reaction to going over the cliff, particularly if we go over the cliff in disarray where there's really no plan. everything's broken down. nobody knows where anybody is. i think that could be pretty ugly in the markets. having said tha
he says it's not a fiscal cliff, it's more like a fiscal slope. there are some people that occupy the left side of the american political spectrum that would agree with howard dean saying listen, it's really not that big of a deal as deficit hawks are making it out to be. you would disagree, i would guess. >> well, i think howard is disagreeing a little bit, too. i think howard is saying it's time for meaningful deficit reduction. howard's become a deficit hawk. i think howard and i would...
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Nov 21, 2012
11/12
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does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever damage is done by going off the fiscal cliff. host: thanks so much for joining us this morning. guest: thank you. host: we want to play a few of ben bernanke's comments from yesterday. [video clip] >> the federal budget is on an unsustainable path. the budget deficit which peaked at about 10% of gdp in 2009 and now is 7% of gdp is expected to narrow further in the coming years as the economy continues to recover. the cbo projects that under a plausible set of assumptions, the budget deficit would still be greater than 4% of g
does go off the fiscal cliff. did ben bernanke say anything yesterday about what he could do if the u.s. goes off a cliff in january? guest: he was pretty clear that the fed is doing what it can do now. whatever damaged baby caused by the fiscal cliff, the fed is really going -- is not going to be able to offset that much. it is doing what it can now. if congress does something to make the economy worse, the fed will do whatever it can. it will not have the power to do much to offset whatever...
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Nov 22, 2012
11/12
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melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans fight the democrats, the tea party has to fight on both fronts. it requires extra amount of strategy and foresight and vision remembering the tea party is really only four years old but has regrouped. the tea party is very committed to getting involved in infiltrating the g.o.p. on the local level, that is all still happening very actively. melissa: it sounds like i'm about to be taxed to death. i could go to bermuda, but that is about it. other than that, it is going to happen. >> some things will happen, but i do think the tea party people who hav
melissa: so the fiscal cliff is four days away. what are we to overcome a good deal to avoid it seems taxes are going up. i thought the tea party would save us. wasn't that their rally cry in the first place? to him i is and co-author of the book. why deprive of our public depends on our honor. are you guys going to stop this somehow? >> i think it is something the tea party has put massive amounts of energy into it if you think about it, the democrats fight the republicans, republicans...
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Nov 29, 2012
11/12
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he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to really slash the federal budget. a group called citizens against government waste is calling for nearly $2 trillion in cuts the next five years. doug mckelway is live with the story. doug, how realistic is that goal? >> reporter: how realistic is the goal? not realistic at all. let's be honest about this. at least it is a benchmark we can strive for. citizens against government waste went through the federal budget, they identified $392 billion in cuts. $1.8 trillion in cuts over next five years. which totals 11% of the federal budget, none which touches the most c
he says there is 2/3 chance they will go off the fiscal cliff. that is not what the markets want to hear, jon. jon: not at all. ed henry at the white house. if jay carney relents and let you into the meeting give us a shot. we'll be on air. >> reporter: i will give you a copy of the menu. jon: please do, thanks. jenna: we'll forget about politicians just for a moment. i promise we'll return there surely over the next couple hours. let's talk about some renewed private sector pushing to...
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Nov 23, 2012
11/12
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we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this conversation eating spam in cave in the woods. >> that's good to know. he may be judging from what his weekends are like. >> that's an official view. >> where's the love? happy holidays to everybody. >> spam is not good. >> it's delicious. >> dan, thanks for stopping by. sears, kmart, walmart, best buy adding last-minute deals to sales list for black friday shoppers. find out what the deals are when president and chief marketing officer of sears and kmart joins us. that's next. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-be
we talk about the fiscal cliff and recession. this is not as if a fire and brimstone will ring down on the earth on january 1st. slow and steady decline. when i tell people i expect us to breach this and go into the new year, i don't think that this is going to be the power goes out on january 1st. there will be a debate and slope. if you resolve this in a week or week and a half or two weeks, not much will happen economically speaking. the economy will not fold in on itself and we'll have this...